Hereby we present next and final funding round for apartment building development at Kreutzwaldi 59c, in Võru, Estonia.In previous funding rounds, Crowdestate investors have invested EUR 1,100,000 in this project. In this current tranche the Sponsor, Tamula Kodu OÜ targets funding of EUR 300,000. The Sponsor is developing an apartment building with 68 apartments in Võru (capital of regional district at Southern Estonia, about 260 km south of Tallinn), next to idyllic Lake Tamula. The nature of the project is the reconstruction of a former industrial building and its conversion into a modern residential building.The project is divided into two distinct phases. The Sponsor is looking to fund the constructions costs of the first phase of the project.The first phase includes all necessary demolition works, construction works, building inner partition walls for all 68 apartments and finishing 28 apartments. The remaining 40 apartments will be finished and sold during the second stage of the project. 19 of 28 apartments in the first stage have already been sold.The funding target for the fifth tranche is EUR 300,000. This 11-month tranche will earn a 13% fixed annual interest. Sponsor finds it plausible to repay the loan before the expiration date as sales activities have been quite fruitful so far.All loans in all tranches have a 1st. lien cross-collateral mortgage in the total amount of EUR 1,927,000. The mortgage will be held in favor of investors by Crowdestate Collateral Agent.According to the financial model, the loans would be returned and interest paid out by September 2019. As the Sponsor is obliged to return 95% of sales revenues to Crowdestate investors, the actual loan period may turn out to be shorter. Accrued interest is paid out at the end of the investment period along with the return of the principal.Prior to this campaign, the Sponsor has invested EUR 900,000 equity into this project. Investments have been used for acquiring the property and financing ongoing construction works.

Invest in a real estate development in Estonia and earn 13% p.a.

Mortgage secured real estate investment opportunity

Hereby we present next and final funding round for apartment building development at Kreutzwaldi 59c, in Võru, Estonia.In previous funding rounds, Crowdestate investors have invested EUR 1,100,000 in this project. In this current tranche the Sponsor, Tamula Kodu OÜ targets funding of EUR 300,000. The Sponsor is developing an apartment building with 68 apartments in Võru (capital of regional district at Southern Estonia, about 260 km south of Tallinn), next to idyllic Lake Tamula. The nature of the project is the reconstruction of a former industrial building and its conversion into a modern residential building.The project is divided into two distinct phases. The Sponsor is looking to fund the constructions costs of the first phase of the project.The first phase includes all necessary demolition works, construction works, building inner partition walls for all 68 apartments and finishing 28 apartments. The remaining 40 apartments will be finished and sold during the second stage of the project. 19 of 28 apartments in the first stage have already been sold.The funding target for the fifth tranche is EUR 300,000. This 11-month tranche will earn a 13% fixed annual interest. Sponsor finds it plausible to repay the loan before the expiration date as sales activities have been quite fruitful so far.All loans in all tranches have a 1st. lien cross-collateral mortgage in the total amount of EUR 1,927,000. The mortgage will be held in favor of investors by Crowdestate Collateral Agent.According to the financial model, the loans would be returned and interest paid out by September 2019. As the Sponsor is obliged to return 95% of sales revenues to Crowdestate investors, the actual loan period may turn out to be shorter. Accrued interest is paid out at the end of the investment period along with the return of the principal.Prior to this campaign, the Sponsor has invested EUR 900,000 equity into this project. Investments have been used for acquiring the property and financing ongoing construction works.

Käesolev on järjekorras 6. ja viimane rahastusvoor projekti Sponsori - Tamula Kodu OÜ - poolt Võrus, aadressil Kreutzwaldi 59c asuva korterelamuarenduse rahastamiseks.Seniste rahastusvoorude kaudu on Crowdestate'i investorid paigutanud sellesse arendusse kokku 1 100 000 eurot. Käesoleva vooru maht on 300 000 eurot. Kokku rahastatakse selle projekti arendust 1 400 000 euro ulatuses.Sponsor arendab Tamula järve-äärsele Kreutzwaldi 59c kinnistule 3-korruselise 68 korteriga korterelamu, rekonstrueerides kinnistul paikneva 1981. aastal kasutusse antud tootmishoone elukondlikuks hooneks.Projekt on jagatud kaheks selgelt eristatavaks etapiks. Sponsor soovib kasutada Crowdestate’i investorite vahendeid projekti esimese etapi ehitustööde rahastamiseks.Esimeses etapis teostab arendaja kõik vajalikud lammutustööd, rajab kõigi 68 korteri karbid ja ehitab valmis 28 korterit. Arenduse teises faasi raames ehitatakse lõpuni ja müüakse ülejäänud 40 korterit.Kuuenda rahastusvooru avaldamise hetkeks on esimeses etapis valmivast 28 korterist 19 korterit notariaalse võlaõigusliku lepingu alusel müüdud. Finantseerimisvooru fikseeritud intressimäär on 13% ja laenu perioodiks kuni 11 kuud, investeeringu sisemiseks tootlusläveks (IRR) on 13,22%. Kuivõrd seni on korterite müük olnud julgustav, loodab Sponsor laenusumma koos kogunenud intressidega ennetähtaegselt tagastada.Kõik rahastusvoorud on tagatud 1. järjekoha hüpoteegiga Crowdestate Collateral Agent’i kasuks kogusummas 1 927 000 eurot.Äriplaani kohaselt on Crowdestate’i investorite laenu koos intressidega tagasi makstud 2019. aasta septembris, kuid Sponsor maksab 95% asjaõiguslike lepingute alusel tekkivast müügikäibest kaasatud laenude teenindamiseks ning peab võimalikuks laenu tagastamist varem.

Hereby we present next and final funding round for apartment building development at Kreutzwaldi 59c, in Võru, Estonia.In previous funding rounds, Crowdestate investors have invested EUR 1,100,000 in this project. In this current tranche the Sponsor, Tamula Kodu OÜ targets funding of EUR 300,000. The Sponsor is developing an apartment building with 68 apartments in Võru (capital of regional district at Southern Estonia, about 260 km south of Tallinn), next to idyllic Lake Tamula. The nature of the project is the reconstruction of a former industrial building and its conversion into a modern residential building.The project is divided into two distinct phases. The Sponsor is looking to fund the constructions costs of the first phase of the project.The first phase includes all necessary demolition works, construction works, building inner partition walls for all 68 apartments and finishing 28 apartments. The remaining 40 apartments will be finished and sold during the second stage of the project. 19 of 28 apartments in the first stage have already been sold.The funding target for the fifth tranche is EUR 300,000. This 11-month tranche will earn a 13% fixed annual interest. Sponsor finds it plausible to repay the loan before the expiration date as sales activities have been quite fruitful so far.All loans in all tranches have a 1st. lien cross-collateral mortgage in the total amount of EUR 1,927,000. The mortgage will be held in favor of investors by Crowdestate Collateral Agent.According to the financial model, the loans would be returned and interest paid out by September 2019. As the Sponsor is obliged to return 95% of sales revenues to Crowdestate investors, the actual loan period may turn out to be shorter. Accrued interest is paid out at the end of the investment period along with the return of the principal.Prior to this campaign, the Sponsor has invested EUR 900,000 equity into this project. Investments have been used for acquiring the property and financing ongoing construction works.

Rahastuseesmärk:	€ 300000
Oodatav tootlus:	13 % aastas
Investeerimisperiood:	11 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Kreutzwaldi 59c, Võru (VI)

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